To be honest with you I haven't got involved just because pattern seems so obvious that it makes me hesitate! :-))) I did get involved yesterday on the long side (played the right shoulder), nice trade 77 pips. This potential shorts is still making me scratch my head :-)))

I have a small position short. And I understand your trepidation because of how obvious the trade/pattern is. You just dont know which trade will travel in your favour. By the way I am bullish the usdcad to 1.1700area loooong term but there will be loads of tradable contra trades along the way which will help set up for joining the true trend